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20 August 2015 Current Affairs

Ranil Wickramasinghe sworn-in as new Prime Minister of Sri Lanka

National Leader of the United National Party Ranil Wickramasinghe was sworn-in as new Prime Minister of Sri Lanka before President Maithripala Sirisena at the Presidential Secretariat on 20 August 2015.A memorandum of understanding between the General Secretary of SLFP, Duminda Dissanayake, and General Secretary of the UNP, Kabir Hashim, was also signed to work together in the 8th Parliament.This was the fourth time Wickramasinghe was sworn-in as the Prime Minister of Sri Lanka.The Wickramasinghe-led coalition won 106 seats in the recently concluded general election, just seven seats short of a simple majority in the 225-member Parliament.

Government Approves Pact with Seychelles to Curb Black Money

To check black money generation, the government on 20 August 2015 approved signing and ratification of the agreement between India and Seychelles for exchange of information with respect to taxes. The agreement will stimulate the information exchange between India and Seychelles for tax purposes, which will help curb tax evasion and avoidance. The decision was taken in the Cabinet meeting headed by Prime Minister Narendra Modi. The agreement will enable the competent authorities of India and Seychelles to provide assistance through the exchange of information that is foreseeably relevant to the administration and enforcement of the domestic laws of two countries concerning taxes. Information received under the agreement shall be treated as confidential and may be disclosed only to persons or authorities (including courts or administrative bodies) concerned with assessment, collection, enforcement, prosecution or determination of appeals, in relation to taxes covered under the agreement.

Bangladesh became first country to receive funds from UN for Solar Home Systems

Bangladesh became the first country to receive funds from the United Nations (UN) for its fast growing solar home systems. The UN Framework Convention for Climate Change (UNFCCC) issued 395286 carbon credits worth 3.56 million US Dollar to two Bangladeshi organisations. Infrastructure Development Company Ltd (IDCOL) and Grameen Shakti are the two organisations that won the carbon credits. The UNFCCC has issued 212482 carbon credits to the IDCOL and 182804 credits to Grameen Shakti.

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